Niedermeyer Repair LLC | Application Preview
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General Information
Business Registration Number: 2201016920
Location: Brock, NE, United States
Length of Operation: 1-5
Number of Employees: 1-10 Employees
Annual Gross Income: Less than $100k
Annual Gross Expense: Less than $100k
Open to Loans: NO
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Funding Usage
Funding for Niedermeyer Repair LLC would be used for a variety of things to help expand my business and help with existing overhead costs. With the growing business it would be helpful to have more room within the shop to work on projects and be able to have a few going at the same time. This would benefit my customers greatly. The building of outbuildings would provide storage for customers equipment while it is waiting to be worked on or once the work is completed. This would ensure that the customers property is safe from the elements. Some of the funding would go towards new equipment such as air compressors, welders, tools, oxygen acetylene torch, work benches, tool boxes, and computer software. The computer software is beneficial with todays equipment as it is required to diagnoses the problem. Working on heavy equipment does require crane use at times and it would be beneficial to have a crane hoist installed in the shop.
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Business Plan
In the next 5 years my goal is to double the number of customers that I already have. My hopes are to be able to expand my work shop to be able to take on more projects. With more room to work I want the option of hiring on a few employees to help with the work load and also to add another service truck to the fleet. I plan to spread out more which in turn would grow my customer base. With technology changing I hope to be able to keep up with the times and have the latest tools and technology to be able to provide for my customers. I also hope to build another shed for storage for customers equipment when it is dropped off to protect from the elements. I started this business on my own with no help by solely taking a risk and getting a loan, and I feel it has turned out to be successful. With the possibility of grant money I can only imagine what Niedermeyer Repair LLC will look in 5 years. Owning my own business is one of the most rewarding things I have done in my life. The responsibility and commitment it takes at times can be challenging but working hard to be successful and be able to provide for my family and community makes it all worth it. Knowing that my 50+ customer base rely on me to take care of them and keep the wheels turning is what gives me the motivation and satisfaction to do what I do. I have enjoyed turning wrenches for as long as I can remember and I have no plans of that changing. I want to be able to grow my small family owned business into something much larger to expand my customer base and to better provide for my existing customers. Also, I want to be able to grow my business to be financially stable to be able to hand down to my children for generations to come. With todays cost of goods and materials it makes everything harder to grow as a business at the rate of which it is needed to provide for my community and customers. In order to grow a business I feel you have to spend money to make money, which I have done to build the business I now have, so any funding I might receive would be a huge help to Niedermeyer Repair LLC.
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Self Identified Competition
In my area there are not to many people that do the work that I do. I am able to work on quite a variety of equipment to where that opens the doors up to a lot of people. The main competitors I have are the big name dealerships such as John Deere, Case IH, and a local truck repair shop. The trouble with those big dealers is, is every year their hourly rate goes up and they are high enough now that more and more people do not want to or are not able to pay for the work to be done through them. That is where more people have come to me for their repair work. I feel that I have become a well rounded mechanic over the years and have a very large variety of things I can work on. Other competitors have one or two areas of equipment that they know and work on, where I work on things such as a million dollar railroad track tamper machine all the way down to lawn mowers. There is not much that I wont work on, which greatly benefits my business. Could be compared to as a one stop shop. Being a small family business I take great pride in supporting my family and community and truly care about keeping people happy and taken care of.
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